Prof. Robert Engle on US investor confidence

— April 30, 2013

Excerpt from Bloomberg TV -- "I think investors have policy overload. They've been through the debt ceiling crisis, the supercommittee, the fiscal cliff, and by comparison, sequestration doesn't seem like it's much of a deal at all. It's happening gradually, which means that the politicians aren't busy doing something except maybe tinkering with the air traffic controllers or some other thing and so I think investors are willing to give this a chance and I don't think they really appreciate what sequestration is going to mean."